Zillow shares climb 2% on strong third-quarter earnings

Shares of Zillow Group Inc.
Z, +1.39%
rallied in Tuesday's extended session after the online real estate company posted better-than-expected earnings. Zillow reported its third-quarter earnings rose to $9.2 million, or 5 cents a share, from $6.8 million, or 4 cents a share, a year earlier. On an adjusted basis, the company would have earned 19 cents a share. Revenue grew to $281.8 million versus $224.6 million a year ago. Analysts surveyed by FactSet had forecast earnings of 17 cents a share on revenue of $277 million. For the current quarter, the company projected earnings of $6.5 million to $11.5 million and a loss of $10 to $5 for the full year. Zillow shares rose 2% after hours.

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